CNBC Economy / Updates
- Bessent's bond gambit aimed at calming markets is instead stirring inflation worries August 21, 2026The so-called breakeven rate hit its highest levels in more than two months.
- Bessent says there's a 'very good chance' U.S. budget deficit under Trump has peaked August 21, 2026Treasury Secretary Scott Bessent said Thursday that there's a "very good chance" of the U.S. has seen its budget deficit peak under President Donald Trump.
- Bessent's efforts in the Treasury market so far haven't worked. Here's what else he can try August 21, 2026Market experts showed skepticism at whether the push would succeed against a bevy of factors working against Treasurys.